R-10 - Act respecting the Government and Public Employees Retirement Plan

Section 215.6 Disposition versions

1999-04-01

215.6. The actuarial value of benefits resulting from the measure provided for in Chapter III of Title IV in respect of employees covered by Chapter I of this Title, taking into account the special provisions governing the application of this measure provided for in Chapter I, the actuarial value of the benefits resulting from the measures provided for in this Title, the actuarial value of benefits resulting from the measures provided for in Division III of Chapter V.1 of Title I, except those resulting from the benefits provided for in section 85.9, and the actuarial value of benefits resulting from the measures provided for in Division IV of the same chapter, to the extent that they introduce, for the purposes of eligibility for and computation of any pension, the eligibility criterion of 35 years of service, shall be funded, in the case of non-unionizable employees, out of the sum of the amounts obtained under subparagraphs 1, 2 and 3, as follows:

(1)  an amount equal to the difference between the following amounts:

(a)  the amount of contributions paid by such employees and the contributory amounts paid by their employers for the period comprised between 1 January 1987 and 31 December 1989;

(b)  the amount of contributions that would, for the same period, have been paid by such employees and the contributory amounts that would have been paid by their employers, on the basis of the result of the actuarial valuation, as of 31 December 1984, of the plan provided for in this Act, and produced in respect of such employees, if the Government had, from 1 January 1987 and in accordance with section 177, revised the rate of contribution and if the rate had taken into account the introduction, for the purposes of eligibility for and computation of any pension, of the criterion of 62 years of age and 10 years of service;

(2)  the amount equal to the difference between the following amounts:

(a)  the amount of contributions paid by such employees and the contributory amounts paid by their employers, the latter being equivalent to 73.45% of the contributions paid by those employees for the period comprised between 1 January 1990 and 31 December 1990;

(b)  the amount of contributions which would, during the same period, have been paid by such employees and the contributory amounts which would have been paid by their employers on the basis of the result of the actuarial valuation, as of 31 December 1987, of the pension plan provided for in this Act and produced in respect of such employees;

(3)  the amount of an additional contributory amount paid by the employers of such employees equivalent to 10.09% of the contributions paid by the non-unionizable employees during the period comprised between 1 January 1991 and 31 December 1991 and which is equal to 6.02% of the contributions paid by non-unionizable employees during the period comprised between 1 January 1992 and 31 December 1992.

The Commission shall transfer, annually and for the period comprised between 1 January 1987 and 31 December 1989, with interest, from the employer’s contributory fund of the Caisse de dépôt et placement du Québec into the non-unionizable employees’ contribution fund of the Caisse, one-half of the difference between the amount of the contributions paid by the employees as established under paragraph b of subparagraph 1 of the first paragraph and the amount of the contributory amounts paid by the employers as established under the said subparagraph.

The Commission shall also, on 31 March each year and following the application of the temporary criteria of eligibility for a pension prescribed in Division IV of Chapter V.1 of Title I or the special provisions applicable to non-unionizable employees provided for in Chapter I of this title as it read on 1 September 1992 or provided for in Chapters I.0.1, I.0.2 and I.1 of that Title, transfer with interest from the employers’ contributory fund at the Caisse de dépôt et placement du Québec and from the non-unionizable employees’ contribution funds at the Caisse to the Consolidated Revenue Fund, an amount taken equally from the employers’ fund and the employees’ fund corresponding to the actuarial value of the reduction which, were is not for the application of the said division or of Chapter I, I.0.1, I.0.2 or I.1, would otherwise have been applicable to that part of the pension pertaining to the years or parts of years of service relating to the Teachers Pension Plan or the Civil Service Superannuation Plan which have been transferred to the pension plan under this Act.

1990, c. 87, s. 71; 1992, c. 62, s. 21; 1993, c. 41, s. 25; 1995, c. 13, s. 9.

1993-07-02

215.6. The actuarial value of benefits resulting from the measure provided for in Chapter III of Title IV in respect of employees covered by Chapter I of this Title, taking into account the special provisions governing the application of this measure provided for in Chapter I, the actuarial value of the benefits resulting from the measure provided for in Chapter I.1 of this Title, the actuarial value of benefits resulting from the measures provided for in Division III of Chapter V.1 of Title I, except those resulting from the benefits provided for in section 85.9, and the actuarial value of benefits resulting from the measures provided for in Division IV of the same chapter, to the extent that they introduce, for the purposes of eligibility for and computation of any pension, the eligibility criterion of 35 years of service, shall be funded, in the case of non-unionizable employees, out of the sum of the amounts obtained under subparagraphs 1, 2 and 3, as follows:

(1)  an amount equal to the difference between the following amounts:

(a)  the amount of contributions paid by such employees and the contributory amounts paid by their employers for the period comprised between 1 January 1987 and 31 December 1989;

(b)  the amount of contributions that would, for the same period, have been paid by such employees and the contributory amounts that would have been paid by their employers, on the basis of the result of the actuarial valuation, as of 31 December 1984, of the plan provided for in this Act, and produced in respect of such employees, if the Government had, from 1 January 1987 and in accordance with section 177, revised the rate of contribution and if the rate had taken into account the introduction, for the purposes of eligibility for and computation of any pension, of the criterion of 62 years of age and 10 years of service;

(2)  the amount equal to the difference between the following amounts:

(a)  the amount of contributions paid by such employees and the contributory amounts paid by their employers, the latter being equivalent to 73.45 % of the contributions paid by those employees for the period comprised between 1 January 1990 and 31 December 1990;

(b)  the amount of contributions which would, during the same period, have been paid by such employees and the contributory amounts which would have been paid by their employers on the basis of the result of the actuarial valuation, as of 31 December 1987, of the pension plan provided for in this Act and produced in respect of such employees;

(3)  the amount of an additional contributory amount paid by the employers of such employees equivalent to 10.09 % of the contributions paid by the non-unionizable employees during the period comprised between 1 January 1991 and 31 December 1991 and which is equal to 6.02 % of the contributions paid by non-unionizable employees during the period comprised between 1 January 1992 and 31 December 1992.

The Commission shall transfer, annually and for the period comprised between 1 January 1987 and 31 December 1989, with interest, from the employer’s contributory fund of the Caisse de dépôt et placement du Québec into the non-unionizable employees’ contribution fund of the Caisse, one-half of the difference between the amount of the contributions paid by the employees as established under paragraph b of subparagraph 1 of the first paragraph and the amount of the contributory amounts paid by the employers as established under the said subparagraph.

The Commission shall also, on 31 March each year and following the application of the temporary criteria of eligibility for a pension prescribed in Division IV of Chapter V.1 of Title I or the special provisions applicable to non-unionizable employees provided for in Chapter I of this title as it read on 1 September 1992 or provided for in Chapter I.1 of that Title, transfer with interest from the employers’ contributory fund at the Caisse de dépôt et placement du Québec and from the non-unionizable employees’ contribution funds at the Caisse to the consolidated revenue fund, an amount taken equally from the employers’ fund and the employees’ fund corresponding to the actuarial value of the reduction which, were is not for the application of the said division or of Chapter I or Chapter I.1, would otherwise have been applicable to that part of the pension pertaining to the years or parts of years of service relating to the Teachers Pension Plan or the Civil Service Superannuation Plan which have been transferred to the pension plan under this Act.

1990, c. 87, s. 71; 1992, c. 62, s. 21; 1993, c. 41, s. 25.

1992-12-22

215.6. The actuarial value of benefits resulting from the measure provided for in Chapter III of Title IV in respect of employees covered by Chapter I of this Title, taking into account the special provisions governing the application of this measure provided for in Chapter I, the actuarial value of benefits resulting from the measures provided for in Division III of Chapter V.1 of Title I, except those resulting from the benefits provided for in section 85.9, and the actuarial value of benefits resulting from the measures provided for in Division IV of the same chapter, to the extent that they introduce, for the purposes of eligibility for and computation of any pension, the eligibility criterion of 35 years of service, shall be funded, in the case of non-unionizable employees, out of the sum of the amounts obtained under subparagraphs 1, 2 and 3, as follows:

(1)  an amount equal to the difference between the following amounts:

(a)  the amount of contributions paid by such employees and the contributory amounts paid by their employers for the period comprised between 1 January 1987 and 31 December 1989;

(b)  the amount of contributions that would, for the same period, have been paid by such employees and the contributory amounts that would have been paid by their employers, on the basis of the result of the actuarial valuation, as of 31 December 1984, of the plan provided for in this Act, and produced in respect of such employees, if the Government had, from 1 January 1987 and in accordance with section 177, revised the rate of contribution and if the rate had taken into account the introduction, for the purposes of eligibility for and computation of any pension, of the criterion of 62 years of age and 10 years of service;

(2)  the amount equal to the difference between the following amounts:

(a)  the amount of contributions paid by such employees and the contributory amounts paid by their employers, the latter being equivalent to 73.45 % of the contributions paid by those employees for the period comprised between 1 January 1990 and 31 December 1990;

(b)  the amount of contributions which would, during the same period, have been paid by such employees and the contributory amounts which would have been paid by their employers on the basis of the result of the actuarial valuation, as of 31 December 1987, of the pension plan provided for in this Act and produced in respect of such employees;

(3)  the amount of an additional contributory amount paid by the employers of such employees equivalent to 10.09 % of the contributions paid by the non-unionizable employees during the period comprised between 1 January 1991 and 31 December 1991 and which is equal to 6.02 % of the contributions paid by non-unionizable employees during the period comprised between 1 January 1992 and 31 December 1992.

The Commission shall transfer, annually and for the period comprised between 1 January 1987 and 31 December 1989, with interest, from the employer’s contributory fund of the Caisse de dépôt et placement du Québec into the non-unionizable employees’ contribution fund of the Caisse, one-half of the difference between the amount of the contributions paid by the employees as established under paragraph b of subparagraph 1 of the first paragraph and the amount of the contributory amounts paid by the employers as established under the said subparagraph.

The Commission shall also, on 31 March each year and following the application of the temporary criteria of eligibility for a pension prescribed in Division IV of Chapter V.1 of Title I, transfer with interest from the employers’ contributory fund at the Caisse de dépôt et placement du Québec and from the non-unionizable employees’ contribution funds at the Caisse to the consolidated revenue fund, an amount taken equally from the employers’ fund and the employees’ fund corresponding to the actuarial value of the reduction which, were is not for the application of the said division, would otherwise have been applicable to that part of the pension pertaining to the years or parts of years of service relating to the Teachers Pension Plan or the Civil Service Superannuation Plan which have been transferred to the pension plan under this Act.

1990, c. 87, s. 71; 1992, c. 62, s. 21.

1991-01-01

215.6. The actuarial value of benefits resulting from the measure provided for in Chapter III of Title IV in respect of employees covered by Chapter I of this Title, taking into account the special provisions governing the application of this measure provided for in Chapter I, the actuarial value of benefits resulting from the measures provided for in Division III of Chapter V.1 of Title I, except those resulting from the benefits provided for in section 85.9, and the actuarial value of benefits resulting from the measures provided for in Division IV of the same chapter, to the extent that they introduce, for the purposes of eligibility for and computation of any pension, the eligibility criterion of 35 years of service, shall be funded, in the case of non-unionizable employees, out of the sum of the amounts obtained under subparagraphs 1, 2 and 3, as follows:

(1)  an amount equal to the difference between the following amounts:

(a)  the amount of contributions paid by such employees and the contributory amounts paid by their employers for the period comprised between 1 January 1987 and 31 December 1989;

(b)  the amount of contributions that would, for the same period, have been paid by such employees and the contributory amounts that would have been paid by their employers, on the basis of the result of the actuarial valuation, as of 31 December 1984, of the plan provided for in this Act, and produced in respect of such employees, if the Government had, from 1 January 1987 and in accordance with section 177, revised the rate of contribution and if the rate had taken into account the introduction, for the purposes of eligibility for and computation of any pension, of the criterion of 62 years of age and 10 years of service;

(2)  the amount equal to the difference between the following amounts:

(a)  the amount of contributions paid by such employees and the contributory amounts paid by their employers, the latter being equivalent to 73.45 % of the contributions paid by those employees for the period comprised between 1 January 1990 and 31 December 1990;

(b)  the amount of contributions which would, during the same period, have been paid by such employees and the contributory amounts which would have been paid by their employers on the basis of the result of the actuarial valuation, as of 31 December 1987, of the pension plan provided for in this Act and produced in respect of such employees;

(3)  the amount of an additional contributory amount paid by the employers of such employees equivalent to 10.09 % of the contributions paid by the non-unionizable employees during the period comprised between 1 January 1991 and 31 December 1992.

The Commission shall transfer, annually and for the period comprised between 1 January 1987 and 31 December 1989, with interest, from the employer’s contributory fund of the Caisse de dépôt et placement du Québec into the non-unionizable employees’ contribution fund of the Caisse, one-half of the difference between the amount of the contributions paid by the employees as established under paragraph b of subparagraph 1 of the first paragraph and the amount of the contributory amounts paid by the employers as established under the said subparagraph.

1990, c. 87, s. 71.